The market corrected in November due to tapering and new Covid strain – The Nifty corrected by 3.9% in November while the Midcap 100 corrected by 2.7%. FIIs were net sellers in Indian equities to the extent of `5,945 crores in November as compared to `13,550 crores in October. Markets were largely stable in the …
The Indian economy has rebounded strongly post the second Covid wave with high-frequency indicators pointing to a V-shaped recovery to pre-second wave levels. While manufacturing had led in the initial phase of the rebound, gradual withdrawal in restrictions has led to a strong rebound in the services sector since Aug 21. We expect the economic …
Nifty rallies for the second month in a row due to pick up in FII flows – The Nifty continued to rally for the second month in a row due to strong FII flows. FIIs were net buyers in Indian equities to the extent of Rs13,154 crore which was a significant improvement over net purchase …
Nifty rallied post consolidation in August as FPI selling abated – The Nifty rallied sharply by 8.6% in August post two months of consolidation as FIIs turned net buyers post two months of selling. FIIs were net buyers in Indian equities to the extent of `2,083 crore as compared to a net selling figure of …
Markets consolidated for the second month in a row due to second Covid wave – The Nifty consolidated for the second month in a row post a sharp up-move in May and was up by just 0.3% in July as FIIs turned net sellers for the month and withdrew Rs. 11,308 crore from Indian equities. …
India economic recovery to pick up pace in July – The month of June witnessed sequential recovery in economic activity with gradual reopening across regions. This is seen in some of the indicators like mobility and recovery in June e-way bills generated, from the lows seen in May. With infection rate staying low (positivity rate …
June to witness opening up of economy post Covid peak in May– The daily new cases had peaked in the first week of May’21 and have descended since then. From a high of 4.14 lakh cases on 7th May, the number now stands at 1.32 lakh post a steady decline throughout the month. India’s positivity …
Markets consolidated for the second month in a row due to second Covid wave – There was a surge in new Covid cases from 1 lakh per day at the beginning of April to almost 4 lakh by the end of the month which led to increased volatility in the markets. FIIs turned net sellers …
Second Covid wave leads to market volatility – Despite a lot of volatility during the month Indian equities were up by 1.1% in March post the 6.5% rally last month. While markets rallied during the first half of the month there was some volatility in the second half of the month due to a surge …
Indian equities rallied by 6.6% in January post the 2.5% correction last month. Markets rallied on back of the bold Union Budget with a clear focus on reviving growth through deficit spending. FPI flows for February improved to `25,787 cr. from ` 19472cr in January.
Indian equities closed in the red for the first time in four months – Indian equities closed in the red for the first time in four months down by 2.75% post a 7.8% rally in December. The markets sold off in the second half of the month as FPI flows slowed down over concerns that …
Indian markets received second month of record FII flows in December – Indian equities closed in the green for third month in a row up by 7.8% to 13,982 post an 11% rally in November on the back of positive news flow on the vaccine front. The rally was driven by continued strong FII inflows …